Silver prices fall ₹12,000 to ₹2,35,775/kg; gold slips by ₹1,232:Rates decline sharply amid profit booking

Gold and silver prices declined on January 8 as investors booked profits, according to data from the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold (10 grams) fell by ₹1,232 to ₹1,35,443, compared with ₹1,36,675 in the previous session. Meanwhile, silver prices dropped sharply by ₹12,225 per kg to ₹2,35,775. On Wednesday, silver had touched an all-time high of ₹2,48,000 per kg. Profit booking behind the fall Ajay Kedia, Director of Kedia Advisory, said silver prices had surged to record highs, prompting investors to book profits, leading to a sharp correction. Gold investors are also engaging in profit booking. However, Kedia said the decline may be short-lived. He expects gold and silver prices to resume their upward trend in the coming days. Silver could rise to ₹2.75 lakh per kg this year, while gold, backed by strong demand, may cross ₹1.50 lakh per 10 grams by year-end. Gold up 75%, silver surges 167% in 2025 Gold and silver prices saw a sharp rise in 2025, delivering strong returns to investors. Investing in gold and silver through ETFs Investors looking to invest small amounts in gold or silver can do so through Gold and Silver Exchange-Traded Funds (ETFs). These funds track movements in gold and silver prices and trade on stock exchanges. Gold and Silver ETFs can be bought and sold on BSE and NSE, similar to shares. Investors do not receive physical gold or silver; instead, they get the cash value based on prevailing prices at the time of exit. Benefits of investing via ETFs